Contract Workspaces Glossary
Complex Contract :
Contracts related to other commitments or other conditions, example :
- Contracts not classifiable as own-use contracts
- Contracts granting the right to use an asset
- Contracts with an embedded derivative
- Onerous contracts -Swap contracts
- Contracts of transfers of assets from customers
- Derecognition of asset
- Contracts increasing payment
Term Type:
- Fixed: means that the contract will expire on the Expiration date.
- Auto Renew (Evergreen): causes the contract to automatically extend past the expiration date.
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